AgriFORCE Powered Bitcoin Miners with Stranded Gas

AgriFORCE Growing Systems Ltd., a Canadian agricultural company, has started a project to utilize stranded natural gas for 120 Bitcoin miner rigs. The firm plans to increase the number of rigs.

AgriFORCE, in Berwyn (Alberta), has launched a site that draws computing power of 425 Kilowatts per Second (kW/s) and 32 Petahashes Per Second (PH/s). said On Tuesday, 

Site will utilize so-called “stranded” gas. Stranded natural gas is gas that cannot be sold immediately because the mining of it would be too expensive or could not be done with current equipment.

AgriFORCE signed an agreement with BlueFlare for the opening of two additional sites in Alberta, in Oyen and Hinton. These will be modeled after the Berwyn location.

“We don’t wait for permits or grid upgrades — we convert gas into compute in weeks, not years,” AgriFORCE CEO Jolie Kahn said.

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AgriFORCE’s Bitcoin Strategy

AgriFORCE claims to have already mined Bitcoin (7 bitcoins).BTCIts operations in Alberta, Ohio and other states generated revenue of approximately $735,000

Canadian company could retain up to half the BTC that it mines, and use the rest for expansion.

It said that it would use as much as 50% of its capital raised to buy Bitcoin directly.

Stock reaction AgriFORCE

AgriFORCE’s (AGRI) shares rose 1.85% to $1.10 on Tuesday. AgriFORCE stock has fallen more than 53% in the past year. according Google Finance

AgriFORCE saw its revenue increase by 317% during the year that ended in 2024. Its net profit also increased over 66%.

Mining with renewable energy

As the mining cost for Bitcoin increases, it is likely that miners will look to alternatives in order to maintain their low costs.

TheMinerMag has released a report on Bitcoin mining. indicates The cost of producing a BTC was $64,000 during the first quarter this year. The company expects that this cost will increase to $70,000 during the last quarter of 2025.

Early this year, there was a report highlighted Miners’ dependence on coal-based electricity sources is declining, but on the other, renewable energy is on the rise, growing on average at 5.8% annually.

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